The completed Payroll Register for the February and March biweekly pay periods is provided, assuming benefits went into effect as anticipated.
Required:
1.Using the payroll registers, complete the General Journal entries as follows:
February 7Journalize the employee pay.February 7Journalize the employer payroll tax for the February 7 pay period. Use 5.4 percent SUTA and 0.6 percent FUTA. No employees will exceed the FUTA or SUTA wage base.February 12Issue employee pay.February 21Journalize the employee pay.February 21Journalize the employer payroll tax for the February 21 pay period. Use 5.4 percent SUTA and 0.6 percent FUTA. No employee will exceed the FUTA or SUTA wage base.February 26Issue employee pay.February 26Issue payment for payroll liabilities.March 6Journalize employee pay.March 6Journalize employer payroll tax for the March 6 pay period. Use 5.4percent SUTA and 0.6percent FUTA. No employees will exceed the FUTA or SUTA wage base.March 11Issue employee pay.March 20Journalize employee pay.March 20Journalize employer payroll tax for the March 20 pay period. Use 5.4percent SUTA and 0.6percent FUTA. No employees will exceed FUTA or SUTA wage base.March 25Issue employee pay.
The completed Payroll Register for the February and March biweekly pay periods is provided, assuming benefits went into effect as anticipated. Required: 1. Using the payroll registers, complete the General Journal entries as follows: February 7 Journalize the employee pay. February 7 Journalize the employer payroll tax for the February 7 pay period. Use 5.4 percent SUTA and 0.6 percent FUTA. No employees will exceed the FUTA or SUTA wage base. February 12 Issue employee pay. February 21 Journalize the employee pay. February 21 Journalize the employer payroll tax for the February 21 pay period. Use 5.4 percent SUTA and 0.6 percent FUTA. No employee will exceed the FUTA or SUTA wage base. February 26 Issue employee pay. February 26 Issue payment for payroll liabilities. March 6 Journalize employee pay. March 6 Journalize employer payroll tax for the March 6 pay period. Use 5.4 percent SUTA and 0.6 percent FUTA. No employees will exceed the FUTA or SUTA wage base. March 11 Issue employee pay. March 20 Journalize employee pay. March 20 Journalize employer payroll tax for the March 20 pay period. Use 5.4 percent SUTA and 0.6 percent FUTA. No employees will exceed FUTA or SUTA wage base. March 25 Issue employee pay.PRF Feb 7 PRF Feb 21 PRF Mar 6 PRF Mar 20 General General Journal Ledger This is Prevosti's payroll register for 02/07/2020 pay date. There is nothing to be completed on this tab. Run Date 02/07/2021 Company Name: Prevosti Farms and Sugarhouse P/R end date 02/07/2021 Check Date: 02/12/202 Name Filing Status Hourly Rate or No. of Dependents No. of Regular No. of Period Wage Hours Overtime Holiday Commissions Gross Earning 401(k) Section 125 Child Care FSA Educational Taxable Taxable Hours Hours Assistance Life Insurance Long-term Care Wages for Wages for Thomas Millen M 3 PRF Feb 7 PRF Feb 21 PRF Mar 6 PRF Mar 20 General General Journal Ledger This is Prevosti's payroll register for 02/21/2020 pay date. There is nothing to be completed on this tab. Run Date 02/21/2020 Company Name: Prevosti Farms and Sugarhouse P/R end date 02/21/2020 Check Date: 02/26/2020 Hourly Rate or No. of No. of No. of Name Filing Status Dependents Period Wage Regula Overtime Holiday Commissions Gross 401(k) Section 125 Taxable Child Care FSA Educational Taxable Hours Hours Hours Earning Assistance Life Insurance Long-term Care Wages for Wages for Federal W/H FICA Thomas Millen MJ 3 PRF Feb 7 PRF Feb 21 PRF Mar 6 PRF Mar 20 General General Journal Ledger This is Prevosti's payroll register for 03/06/2020 pay date. There is nothing to be completed on this tab. Run Date 03/06/2020 Company Name: Prevosti Farms and Sugarhouse P/R end date 3/06/2020 Check Date: 03/11/2020 No. of No. of No. of Taxable Name Filing Status Dependents Hourly Rate or Taxable Period Wage Regular Overtime Holiday Commissions Gross 401(k) Section 125 Child Care FSA Educational Life Insurance Long-term Care Hours Earning Wages for Wages for Hours Hours Assistance Federal W/H FICA Thomas Millen MJ 3 PRF Feb 7 PRF Feb 21 PRF Mar 6 PRF Mar 20 General General Journal Ledger This is Prevosti's payroll register for 03/20/2020 pay date. There is nothing to be completed on this tab. Run Date 03/20/2020 Company Name: Prevosti Farms and Sugarhouse P/R end date 03/20/2020 Check Date: 03/25/2020 Hourly Rate or No. of No. of No. of Taxable Taxable Name Filing Status Dependents Regular Overtime Gross Period Wage Holiday Commissions Section 125 Earning 401(k) Child Care FSA Educational Assistance Life Insurance Long-term Care Wages for Wages for Hours Hours Hours Federal W/H FICA Thomas Millen MJ 3
